CapMoore

OMX30 Strong Bullish Divergence on D/H4 Nov 28 2018

OMXSTO:OMXS30   OMX Stockholm 30 Index
Clear, strong bullish divergence is visible on the daily and H4 timeframe, seen in two waves.
Price is in extended bearish territory with expanded bearish Kumo Clouds. Trend
followers will have to wait for entry until a buy signal appears by the Ichomku, while
traders using divergence has a golden opportunity to enter long, scale in or increase
periodical purchases right now.
Ideally, one would wait for a slight pull back from here, but for medium and longer term
holders, this wouldn't be needed.
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